EconomyXRP is becoming collateral for real loans, but whales already dominate the first market
XRP is beginning to support live dollar borrowing on Ethereum through an FXRP-backed Morpho market. About $7.18 million in RLUSD debt was outstanding against 10.76 million FXRP on Oct. 1, with the three largest addresses responsible for roughly 93% of the debt. The setup adds a credit use case for XRP but also relies on bridges, collateral and redemption mechanisms.
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CryptoSlate★★☆☆☆2026-10-01 20:20Original
XRP is becoming collateral for real loans, but whales already dominate the first market
Economy